SBI Mutual Fund came to market through an IPO that opened on 14 July 2026 and closed on 16 July 2026, and the shares listed on 21 July 2026 on BSE, NSE. The price band was ₹545 to ₹574 per share and one lot was 26 shares, so the minimum application was ₹14,924. The issue size was ₹9795.31 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.
It listed at ₹613.3, a gain of 6.8% against the issue price of ₹574. Kfin Technologies Ltd. Shareholder Quota: 1,30,55,629 equity shares ₹750 Crores was the registrar to the issue, and Kotak Mahindra Capital Co.Ltd., Axis Capital Ltd., BOFA Securities India Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., ICICI Securities Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd., SBI Capital Markets Ltd were the lead managers.
As of 16 July 2026.
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Overall the issue was subscribed 41.66 times.
SBI Funds Management Limited established in 1992 that is the biggest AMC in India in terms of AUM. The Company is a manager of the popular SBI Mutual Fund. This AMC is a joint effort by State Bank of India and Amundi. The firm provides a large number of financial instruments to its customers, for instance, equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS).
The firm manages about ₹16.32 lakh crore of assets in 2025, and this figure accounts for 15.5% of India’s mutual fund AUM. As of December 31, 2025, the company has more than 16.05 million clients, including both individual and institutional clients.
As described in the offer document.
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SBI Funds Management Limited finalised its anchor investor allocation on July 13, 2026, raising ₹2,662.96 crore from 129 institutional investors at an anchor price of ₹574 per share, including a share premium of ₹573. The anchor book comprises 4,63,93,095 equity shares allocated across domestic mutual funds, life insurance and pension funds, and foreign portfolio investors.
Domestic mutual funds received 37.20% of the anchor allocation through 23 fund houses across 70 schemes, including HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Franklin India, Tata, UTI, Bandhan, Edelweiss, HSBC, Motilal Oswal, JM Financial, Groww, Whiteoak Capital, PGIM India, ITI, Mahindra Manulife, Invesco India, Helios, and The Wealth Company Mutual Fund.
Life Insurance Corporation of India received the single largest individual allocation at 6.76%, with additional participation from HDFC Life Insurance, ICICI Prudential Life Insurance, Axis Max Life Insurance, Bajaj Life Insurance, Bharti AXA Life Insurance, Aditya Birla Sun Life Insurance, Edelweiss Life Insurance, and IndusInd General Insurance, among others.
Foreign institutional participants include the Government of Singapore, Government Pension Fund Global, Abu Dhabi Investment Authority, Capital Group Global Equity Fund, Blackrock Global Funds – India Fund, Goldman Sachs India Equity Portfolio, Nomura India Investment Fund, Fidelity, Monetary Authority of Singapore, Morgan Stanley, BNP Paribas, Societe Generale, Citigroup Global Markets Mauritius, and Massachusetts Institute of Technology, among others.
State Bank of India, Amundi India Holding, Amundi Asset Management. Promoter holding 98.02% before the issue and 88% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
SBI Mutual Fund IPO was a ₹9,795.31 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹545–₹574 per share with a lot size of 26 shares (₹14,924). The IPO was open from July 14 to July 16, 2026 and was subscribed 41.66x. Shares listed on BSE and NSE on July 21, 2026 at ₹613.30, a 6.8% premium to the issue price of ₹574. Kfin Technologies Ltd. is the registrar. Kotak Mahindra Capital Co.Ltd.
and 8 other book running lead managers manage the issue.
The price band of SBI Mutual Fund IPO is ₹545 to ₹574 per share.
The lot size of SBI Mutual Fund IPO is 26 shares.
The minimum investment for SBI Mutual Fund IPO is approximately ₹14,924 based on the upper price band.
The allotment date of SBI Mutual Fund IPO is Jul 17, 2026.
No GMP quote could be verified as recorded before SBI Mutual Fund IPO listed. A grey-market observation of ₹95 per share was recorded on 21 Jul 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹613.3. GMP is unofficial and does not forecast or guarantee the actual listing price.
SBI Mutual Fund IPO listed on Jul 21, 2026. It was issued at ₹613.3(NSE) and is currently around ₹478.00 as on 2-Nov-2026 3:30 PM, which is approximately -16.7% versus issue price. The 52-week high is ₹624.95.
You can check SBI Mutual Fund IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the SBI Mutual Fund IPO allotment status on Rupix for quick and easy access.
₹545 to ₹574 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 26 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,924.
₹14,924, for one lot of 26 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 14 July 2026 and closed on 16 July 2026.
The basis of allotment was published on 17 July 2026 by Kfin Technologies Ltd. Shareholder Quota: 1,30,55,629 equity shares ₹750 Crores, and allotted shares were credited to demat accounts before listing.
The shares listed on 21 July 2026 on BSE, NSE, opening at ₹613.3.
The issue size was ₹9795.31 crore. The offer for sale was 17,09,56,631 shares (aggregating up to ₹9795.31 crore).
It listed at ₹613.3 against an issue price of ₹574, a gain of 6.8 percent on listing day.